CenterBook Partners LP Sells 1,588,172 Shares of Leslie's, Inc. (NASDAQ:LESL)

CenterBook Partners LP reduced its holdings in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 60.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,029,891 shares of the company's stock after selling 1,588,172 shares during the period. CenterBook Partners LP owned about 0.56% of Leslie's worth $757,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mariner LLC bought a new position in shares of Leslie's in the fourth quarter worth approximately $25,000. Ground Swell Capital LLC bought a new position in Leslie's during the fourth quarter valued at $32,000. Cibc World Markets Corp bought a new position in Leslie's during the fourth quarter valued at $38,000. Two Sigma Advisers LP purchased a new stake in shares of Leslie's in the fourth quarter valued at $39,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Leslie's in the fourth quarter valued at $41,000.

Leslie's Stock Performance

Leslie's stock traded up $0.00 during midday trading on Friday, hitting $0.40. 1,502,123 shares of the company's stock were exchanged, compared to its average volume of 5,199,399. Leslie's, Inc. has a 12 month low of $0.38 and a 12 month high of $3.63. The firm has a 50-day moving average of $0.61 and a two-hundred day moving average of $1.03. The company has a market cap of $73.48 million, a PE ratio of -1.65 and a beta of 1.28.

Analyst Ratings Changes

Several brokerages have recently weighed in on LESL. Telsey Advisory Group reduced their target price on shares of Leslie's from $3.00 to $1.25 and set a "market perform" rating on the stock in a research note on Friday, May 9th. Loop Capital reduced their price target on shares of Leslie's from $4.00 to $1.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus raised shares of Leslie's from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Mizuho reduced their price target on shares of Leslie's from $3.00 to $1.00 and set a "neutral" rating on the stock in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $1.86.

Leslie's Profile

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.